Used in the synthesis of specialty chemicals and intermediates, particularly in the pharmaceutical industry. It serves as a building block for the development of active pharmaceutical ingredients (APIs) and other biologically active compounds. Its structure allows for versatile chemical modifications, making it valuable in creating complex molecules. Additionally, it finds application in the production of polymers and resins, where it acts as a monomer or cross-linking agent, enhancing material properties such as flexibility and durability. In organic synthesis, it is employed as a reagent or intermediate in multi-step reactions to achieve desired functional groups or molecular architectures.